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February 11, 2023
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K1

  • February 11, 2023
  • 1 reply
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Why does TurboTax Business allow you to prepare K1's and file your taxes and TurboTax Home and BUsiness says that K1's are not available until 2/16?

Best answer by Anonymous_

Probably no one here could answer your question with absolute certainty, but K-1s are available if they were issued in conjunction with 1041s (estates/trusts).

 

Since the forms are not yet available for 1065 and 1120-S, it might have something to do with basis calculations for partners/members/shareholders.

1 reply

Employee
February 11, 2023

Probably no one here could answer your question with absolute certainty, but K-1s are available if they were issued in conjunction with 1041s (estates/trusts).

 

Since the forms are not yet available for 1065 and 1120-S, it might have something to do with basis calculations for partners/members/shareholders.